Auto parts are in the limelight these days and this again points towards the growing practice of making do with your old vehicles by maintaining and fine-tuning them. Apparently this covers most motorists today, even the off-roaders who are prone to more repairs and need for replacement parts due to their nature of motoring. This also includes other accessories such as warn winches which will certainly come in handy when off-roaders are outdoors.

And to make sure that these off-roaders can locate their parts easier, TransAmerican Auto Parts adds another distribution point of sale with the acquisition of GoWarn.com which caters to warn winches.

Warn has made its mark in the off-road industry time and again by focusing on what the everyday off-roader needs and will use in his or her adventures. Warn really began to showcase their dedication to the everyday off-roader in 1959 when they produced the first recreational winch. With this tool, off-roaders discovered they could do the jobs they’d been paying tow trucks to do for years.

(Source) Press

Tags: acquisition, dedication, distribution point, jobs, limelight, motorists, point of sale, replacement parts, showcase, tow trucks, transamerican auto parts, winch, winches

Continue reading...

Continental Tires North America is set to acquire a larger market share in Latin America with the reported acquisition of Compania Ecuatoriana del Caucho S.A.(ERCO). What makes Continental in a better position with this deal is that ERCO has a strong distribution network in Ecuador and the Andean region.

“Our plan is to have ERCO manage the six countries of the Andean region so that we can expand our business in these critical growth markets which, together, have a larger population size than that of Mexico, but with faster growth.”

Over the last two years, Continental Tire has significantly increased its market share in Latin America by a focused growth strategy. The opening of a Sales office in Argentina in summer 2008 accelerated the growth even further. Continental Tire manages its Latin American operations with the exception of Mexico and the Andean Region out of its significant operations in Sao Paulo, Brazil.

(Source) Press

Tags: acquisition, american operations, andean region, argentina, caucho, continental tire, continental tires, distribution network, ecuador, erco, growth markets, growth strategy, latin america, market share, Mexico, north america, population size, sao paulo brazil

Continue reading...

iBidMotors just got bigger with the reported acquisition of Monster Motors, a leading automotive online auction site. The expanded iBidMotors platform now has hundreds of car dealer clients and over 30,000 vehicles available to consumers from coast to coast.

iBidMotors and Monster Motors both launched in 2006, with iBidMotors focusing primarily on the Eastern United States, while Monster Motors focused on dealers primarily in the Midwest and Western parts of the country.

“The completion of this acquisition represents a significant step for iBidMotors in our strategy to expand our geographic footprint and establish ourselves as the leader in the rapidly growing online platform for car dealers,” said Bob Schiff, iBidMotors Founder and CEO.

Over the past two years the iBidMotors.com online auction has sold over $100M in retail automotive sales, making them one of the fastest growing automotive sites and the platform of choice for some of the largest dealer groups in the country.

(Source) Press

Tags: 100m, acquisition, automotive sales, car dealer, car dealers, ceo, consumers, country source, dealer clients, dealer groups, geographic footprint, ibidmotors, midwest, monster motors, online auction site, schiff

Continue reading...

In a business move that seems to be a great investment, Couche-Tard has agreed to acquire ExxonMobil’s On the Run convenience store franchise system in the United States and 43 of its company owned and operated sites in the Phoenix, Arizona market area. The transaction is anticipated to close in late May and is subject to standard closing conditions and regulatory approvals.

The agreement transfers to Couche-Tard the franchise agreements for approximately 450 On the Run convenience stores currently operated by ExxonMobil branded fuel dealers and distributors. These stores, located in 28 states primarily east of the Mississippi River, would continue to be operated by the franchisee dealers and distributors of ExxonMobil.

The purchase price is confidential between the parties. Couche-Tard will fund the acquisition from internal available cash dollars.

(Source) Press

Tags: acquisition, arizona market, business move, cash dollars, convenience store franchise, convenience stores, exxonmobil, franchise agreements, franchise system, franchise systems, franchisee, fuel dealers, phoenix arizona

Continue reading...